City of Manhattan Beach
Finance Department
Month End Report January 31, 2023
Fiscal Year 2022-2023
% of Year
58.3%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $4,359,023 $173,158 $4,532,181 $2,373,259 $490,524 $1,668,399 63.2% Finance 12 3,819,223 23,665 3,842,888 2,022,580 157,541 1,662,768 56.7% Human Resources 13 1,622,969 92,701 1,715,670 957,700 72,142 685,828 60.0% Parks and Recreation 14 9,131,405 63,127 9,194,532 4,855,248 84,439 4,254,845 53.7% Police 15 33,631,799 136,509 33,768,308 17,706,433 61,739 16,000,136 52.6% Fire 16 15,286,191 343,210 15,629,401 8,049,533 14,395 7,565,473 51.6% Community Development 17 6,782,954 82,895 6,865,849 3,458,472 74,831 3,332,546 51.5% Public Works 18 10,641,587 448,913 11,090,500 5,110,605 118,328 5,861,567 47.1% Information Technology 19 - - - - - - - $85,275,151 $1,364,179 $86,639,330 $44,533,829 $1,073,939 $41,031,561 52.6% ¹Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year.
April 30, 2023
May 31, 2022
June 30, 2022
City of Manhattan Beach
Fiscal Year 2022-2023 General Fund Expenditures by Department As of January 31, 2023
Current Year Activity
% of Year
58.3%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $86,931,574 $48,161,910 55.4% $86,639,330 $44,533,829 $1,073,939 52.6% Street Lighting & Landscaping Fund 201 390,822 187,247 47.9% 719,511 273,837 1,692 38.3% Gas Tax Fund 205 2,048,850 1,048,451 51.2% 3,786,986 195,762 1,097,649 34.2% Asset Forfeiture 210 41,800 26,168 62.6% 135,497 26,783 27,747 40.2% Police Safety Grants 211 159,000 180,902 113.8% 209,693 75,935 5,693 38.9% Prop A Fund 230 883,003 567,630 64.3% 788,363 396,078 5,307 50.9% Prop C Fund 231 9,615,953 2,234,512 23.2% 10,050,168 603,471 1,872,353 24.6% AB 2766 Fund 232 47,500 29,361 61.8% 673 392 - 58.2% Measure R 233 1,087,088 437,226 40.2% 2,595,986 54,525 878,568 35.9% Measure M 234 11,594,378 452,529 3.9% 12,873,472 101,349 525,445 4.9% Measure W 240 3,015,015 450,686 14.9% 2,603,515 80,549 1,073,647 44.3% Capital Improvements Fund 401 2,698,284 951,248 35.3% 13,413,182 1,592,735 2,924,084 33.7% Bond Construction Fund 402 - 240,615 n/a 5,595,390 2,241,168 3,214,003 97.5% Underground Assessment District Construction 403 - 114,041 n/a 1,316,657 80,990 8,389 6.8% Water Fund 501 16,472,500 8,536,916 51.8% 33,720,518 13,454,336 10,848,208 72.1% Stormwater Fund 502 344,484 218,515 63.4% 4,458,062 685,939 136,216 18.4% Wastewater Fund 503 3,628,000 2,293,201 63.2% 15,418,797 1,269,529 1,207,674 16.1% Parking Fund 520 3,983,200 2,516,289 63.2% 3,026,777 1,129,138 22,831 38.1% County Parking Lots Fund 521 1,363,000 728,927 53.5% 953,214 133,475 - 14.0% State Pier & Parking Lot Fund 522 833,500 539,537 64.7% 2,776,820 233,286 29,501 9.5% Insurance Reserve Fund 601 7,549,860 6,605,344 87.5% 8,278,953 7,323,571 145,870 90.2% Information Systems Reserve Fund 605 3,698,533 2,157,948 58.3% 4,738,998 1,843,276 545,272 50.4% Fleet Management Fund 610 2,772,827 1,519,191 54.8% 4,885,091 1,425,637 1,711,237 64.2% Building Maintenance & Operation Fund 615 2,195,831 1,039,907 47.4% 2,596,244 1,053,390 372,744 54.9% Special Assessment Debt Service 710 714,150 366,776 51.4% 700,450 663,875 - 94.8% Special Assessment UAD 19-12 19-14 Fund 711 606,106 332,820 54.9% 609,007 499,453 - 82.0% Special Assessment UAD 19-4 Fund 712 337,613 169,277 50.1% 341,813 278,506 - 81.5% City Pension Fund 801 264,480 833 0.3% 196,680 117,436 - 59.7% PARS Investment Trust 804 50,000 (27,262) -54.5% - - - - $163,327,351 $82,080,744 50.3% $223,429,847 $80,368,250 $27,728,070 36.0% Year-to-Date
As of January 31, 2023
Fiscal Year 2022-2023 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
58.3%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $86,669,227 $262,347 $86,931,574 $48,161,910 38,769,664 55.4% Street Lighting & Landscaping Fund 201 390,822 - 390,822 187,247 203,576 47.9% Gas Tax Fund 205 1,798,763 250,087 2,048,850 1,048,451 1,000,399 51.2% Asset Forfeiture 210 41,800 - 41,800 26,168 15,632 62.6% Police Safety Grants 211 159,000 - 159,000 180,902 (21,902) 113.8% Prop A Fund 230 883,003 - 883,003 567,630 315,373 64.3% Prop C Fund 231 712,451 8,903,502 9,615,953 2,234,512 7,381,440 23.2% AB 2766 Fund 232 47,500 - 47,500 29,361 18,139 61.8% Measure R 233 547,088 540,000 1,087,088 437,226 649,862 40.2% Measure M 234 5,921,033 5,673,345 11,594,378 452,529 11,141,850 3.9% Measure W 240 1,611,500 1,403,515 3,015,015 450,686 2,564,329 14.9% Capital Improvements Fund 401 1,605,438 1,092,846 2,698,284 951,248 1,747,036 35.3% Bond Construction Fund 402 - - - 240,615 (240,615) 100.0% Underground Assessment District Construction 403 - - - 114,041 (114,041) 100.0% Water Fund 501 16,472,500 - 16,472,500 8,536,916 7,935,584 51.8% Stormwater Fund 502 344,484 - 344,484 218,515 125,969 63.4% Wastewater Fund 503 3,628,000 - 3,628,000 2,293,201 1,334,799 63.2% Parking Fund 520 3,983,200 - 3,983,200 2,516,289 1,466,911 63.2% County Parking Lots Fund 521 1,363,000 - 1,363,000 728,927 634,073 53.5% State Pier & Parking Lot Fund 522 833,500 - 833,500 539,537 293,963 64.7% Insurance Reserve Fund 601 7,549,860 - 7,549,860 6,605,344 944,516 87.5% Information Systems Reserve Fund 605 3,698,533 - 3,698,533 2,157,948 1,540,585 58.3% Fleet Management Fund 610 2,772,827 - 2,772,827 1,519,191 1,253,636 54.8% Building Maintenance & Operation Fund 615 2,195,831 - 2,195,831 1,039,907 1,155,924 47.4% Special Assessment Debt Service 710 714,150 - 714,150 366,776 347,374 51.4% Special Assessment UAD 19-12 19-14 Fund 711 606,106 - 606,106 332,820 273,286 54.9% Special Assessment UAD 19-4 Fund 712 337,613 - 337,613 169,277 168,336 50.1% City Pension Fund 801 264,480 - 264,480 833 263,647 0.3% PARS Investment Trust 804 50,000 - 50,000 (27,262) 77,262 -54.5% $145,201,709 $18,125,642 $163,327,351 $82,080,744 $81,246,607 50.3% City of Manhattan Beach
Fiscal Year 2022-2023 Citywide Revenues
As of January 31, 2023
Current Year Activity
% of Year
58.3%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $85,275,151 $1,364,179 $86,639,330 $44,533,829 $1,073,939 $41,031,561 52.6% Street Lighting & Landscaping Fund 201 612,022 107,489 719,511 273,837 1,692 443,981 38.3% Gas Tax Fund 205 1,575,138 2,211,848 3,786,986 195,762 1,097,649 2,493,575 34.2% Asset Forfeiture 210 107,750 27,747 135,497 26,783 27,747 80,967 40.2% Police Safety Grants 211 155,000 54,693 209,693 75,935 5,693 128,065 38.9% Prop A Fund 230 780,646 7,717 788,363 396,078 5,307 386,978 50.9% Prop C Fund 231 1,260,138 8,790,030 10,050,168 603,471 1,872,353 7,574,345 24.6% AB 2766 Fund 232 673 - 673 392 - 281 58.2% Measure R 233 760,138 1,835,848 2,595,986 54,525 878,568 1,662,893 35.9% Measure M 234 5,870,138 7,003,334 12,873,472 101,349 525,445 12,246,679 4.9% Measure W 240 1,200,000 1,403,515 2,603,515 80,549 1,073,647 1,449,319 44.3% Capital Improvements Fund 401 6,442,589 6,970,593 13,413,182 1,592,735 2,924,084 8,896,364 33.7% Bond Construction Fund 402 - 5,595,390 5,595,390 2,241,168 3,214,003 140,218 97.5% Underground Assessment District Construction 403 1,285,750 30,907 1,316,657 80,990 8,389 1,227,278 6.8% Water Fund 501 13,304,706 20,415,812 33,720,518 13,454,336 10,848,208 9,417,974 72.1% Stormwater Fund 502 1,836,564 2,621,498 4,458,062 685,939 136,216 3,635,906 18.4% Wastewater Fund 503 4,710,392 10,708,405 15,418,797 1,269,529 1,207,674 12,941,593 16.1% Parking Fund 520 2,698,608 328,169 3,026,777 1,129,138 22,831 1,874,809 38.1% County Parking Lots Fund 521 953,214 - 953,214 133,475 - 819,739 14.0% State Pier & Parking Lot Fund 522 737,458 2,039,362 2,776,820 233,286 29,501 2,514,033 9.5% Insurance Reserve Fund 601 8,243,352 35,601 8,278,953 7,323,571 145,870 809,512 90.2% Information Systems Reserve Fund 605 4,276,387 462,611 4,738,998 1,843,276 545,272 2,350,450 50.4% Fleet Management Fund 610 2,490,440 2,394,651 4,885,091 1,425,637 1,711,237 1,748,217 64.2% Building Maintenance & Operation Fund 615 2,195,831 400,413 2,596,244 1,053,390 372,744 1,170,110 54.9% Special Assessment Debt Service 710 700,450 - 700,450 663,875 - 36,575 94.8% Special Assessment UAD 19-12 19-14 Fund 711 609,007 - 609,007 499,453 - 109,554 82.0% Special Assessment UAD 19-4 Fund 712 341,813 - 341,813 278,506 - 63,307 81.5% City Pension Fund 801 196,680 - 196,680 117,436 - 79,244 59.7% PARS Investment Trust 804 - - - - - - - $148,620,035 $74,809,812 $223,429,847 $80,368,250 $27,728,070 $115,333,526 48.4% *Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year.
Year-to-Date
City of Manhattan Beach
Fiscal Year 2022-2023 Citywide Expenditures
As of January 31, 2023
Current Year Activity
Account Description Established Purpose Amount
100-21501 Tree and Bench Donations 2003 Donations for trees & benches. $ 6,797 100-21702 Joslyn Foundation Deposits 1997 Joslyn Center Donations. 6,558 100-21705 Pumpkin Race 2013 Sponsorship revenue/expenses for Pumpkin Race. 18,915 100-21706 Recreation Sponsorships 2017 Sponsorship revenue/expenses for other programs. 18,750 802-21708 Public Art Development Fees 2003 Funded through a portion of development fees. Used to fund Public Art. 2,181,352 100-21410 Reserve Force Deposits 1997 Funded through donations. Reserve Officer equipment, training, etc. $ 1,945 100-21405 K9 Deposits 1997 Funded through donations. Used for K9 Equipment. 530 100-21408 Victims Assistance Deposits 1997 Property that is forfeited permanently and goes to auction. The funds are deposited for Victims Assistance programs. 3,423 100-21411 Every 15 Minutes Deposits 1998 Funded through donations. Every 15 Minutes Program. In conjunction with Mira Costa (MBUSD). 4,356 100-21409 Explorer Scout Deposits 1997 Funded through donations. Explorer events, special equipment, etc. 11,585 100-21404 Neighborhood Watch Deposits 1997 Property that is forfeited permanently and goes to auction. The funds are deposited for various Neighborhood Watch uses. 13,305 100-21407 Equipment Deposits 1997 Funded through donations. Used for Various Special Equipment. 23,144 100-21412 Graux Trust (Police) 2014 Donation gift from the Graux Trust. 8,893 100-21402 Inmate Welfare Deposits 1997 Funds generated through inmate telephone in the jail. Use for Inmate welfare, i.e. new mattresses, periodicals, newspapers, books, etc.
45,944
100-21453 Paramedic Trust Deposits 1997 Donations to Fire operations. $ 7,295 100-21451 Graux/Rotary Trust (Fire) 2014 Donation gift from the Graux Trust. 1,756 100-21452 Customer Deposits 2012 Donations from public to fire services. 653 100-21913 Fire Technology Replacement 2020 Funded through a fee of 5% of annual Fire Inspection Permits. The purpose of this technology fee is to recover the cost associated with replacement of existing system, upgrades to the existing and new system, and maintenance costs associated with the system.
17,622
100-21602 Tree Penalties for Illegal Removal 2018 Fines for illegally removed trees for the planting of new trees. $ 77,255 100-21601 General Plan Maintenance 2010 Surcharge taken from permits to fund updates for General Plan (i.e., Mobility Plan, Housing Element, Land Use, etc.). 489,517 100-21608 Seismic Fees 1998 A portion of this fee is paid quarterly by the City to the Department of Conservation (DoC) along with a quarterly report.
Balance of fee is used for data utilization, and seismic education incorporating data interpretations from data of the strong- motion instrumentation program.
62,558
100-21609 Congestion Management Plan 2002 Fees that are charged for projects that increase traffic; Planning correction checklist has section for CMP, where a spreadsheet calculates trips/cost; county program on hold for number of years. Funds are to be used for transportation improvements.
68,440
100-21610 BSA Revolving Fund Fee 2009 Fee identified during Building permit application. A portion of this fee is paid quarterly by the City to the CA Building Standards Commission (BSC) along with a quarterly report. Fee paid to BSC based on calculations in the report. 16,487
100-21616 SB 1186 Disability Access & Education 2014 Fee charged on permits, a portion of which is available yearly for Building Inspector training on Title 24, CASp (Certified Access Specialist Program), and SB 1186.
90,711
100-21914 Energov Technology Replacement 2020 Funded through a fee of 3% of Building Permits. The purpose of this technology fee is to recover the cost associated with replacement of existing system, upgrades to the existing and new system, and maintenance costs associated with the system.
133,378
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 558,714
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
321,276
Total $ 4,191,161
Information Technology
Balance Sheet Accounts
As of January 31, 2023
Parks & Recreation
Police
Fire
Community Development
3 4 5 6 7
Percent of Year
58.3%
Fund
Major Revenue Accounts No. 2018 2019 2020 2021 2022 2023 Adj Budget Realized Property Taxes 100 15,445,953 16,372,562 17,448,035 12,953,416 19,514,592 20,401,983 38,049,313 53.6% Sales & Use Tax 100 5,149,184 5,395,491 5,580,287 4,783,258 5,813,585 6,429,043 9,260,000 69.4% Franchise Tax (a) 100 411,542 326,909 316,483 299,254 289,135 198,376 1,135,000 17.5% Hotel Tax 100 2,200,894 2,522,946 2,840,889 1,183,374 2,965,157 4,018,074 4,025,000 99.8% Business License Tax 100 305,570 451,609 490,227 817,415 1,031,426 630,688 3,600,000 17.5% Real Estate Transfer Tax 100 441,178 499,727 610,955 527,678 874,561 387,668 810,000 47.9% Building Permits 100 1,091,370 1,169,321 1,101,962 849,070 1,023,875 982,839 1,532,712 64.1% Parking Citations 100 1,398,520 1,193,390 1,098,921 981,665 1,172,769 1,359,136 1,875,000 72.5% Interest Earnings 100 413,016 554,469 666,997 521,227 348,423 598,499 637,522 93.9% Marriott Hotel Rent 100 764,719 1,215,062 1,053,992 568,661 703,531 1,077,506 1,350,000 79.8% Vehicle in Lieu 100 - - - - 40,590 - 17,000 0.0% Building Plan Check Fees 100 1,124,455 1,189,691 1,161,341 1,194,711 1,284,465 1,093,327 1,755,000 62.3% Total Major Revenue Accounts 28,746,398 30,891,178 32,370,090 24,679,727 35,062,108 37,177,140 64,046,547 58.0% Over/(Under) Prior Year 2,144,780 1,478,912 (7,690,363) 10,382,381 2,115,031 Percent Change From Prior Year 7.5% (23.8%) 42.1% 6.0%
Other Revenues 1,684,121 2,109,867 711,082 4,089,846 8,973,139 10,984,771 22,885,027 48.0% Total General Fund Revenues 30,430,520 33,001,045 33,081,172 28,769,573 44,035,247 48,161,910 86,931,574 55.4%
(a) The structure of payments for the some of the franchise fees has changed resulting in lower initial revenues at the beginning of the fiscal year as compared to prior years. This revenue will self adjust throughout the year to better align with prior full-year numbers.
City of Manhattan Beach
Fiscal Year 2022-2023 General Fund Major Revenue Trends Year-To-Date Actuals FY 2023
January 31, 2023
$0 $3,000,000 $6,000,000 $9,000,000 $12,000,000 $15,000,000 $18,000,000 $21,000,000 Building Plan Check Fees
Marriott Hotel Rent
Interest Earnings
Parking Citations
Building Permits
Real Estate Transfer Tax
Business License Tax
Hotel Tax
Franchise Tax (a)
Sales & Use Tax
Property Taxes
January 31, 2023
Fiscal Year 2022-23
Fiscal Year 2021-22
General Fund Major Revenue Sources
3 4 5 6 7
Percent of Year
58.3%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through January Year-Over-Year
$0
$2,500,000
$5,000,000
$7,500,000
$10,000,000
$12,500,000
2018 2019 2020 2021 2022 2023
Sales & Use Tax
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2018 2019 2020 2021 2022 2023
Franchise Tax
$0
$8,000,000
$16,000,000
$24,000,000
$32,000,000
$40,000,000
2018 2019 2020 2021 2022 2023
Property Taxes
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
2018 2019 2020 2021 2022 2023
Hotel Tax
$0
$1,100,000
$2,200,000
$3,300,000
$4,400,000
$5,500,000
2018 2019 2020 2021 2022 2023
Business License Tax
$0
$250,000
$500,000
$750,000
$1,000,000
$1,250,000
$1,500,000
2018 2019 2020 2021 2022 2023
Real Estate Transfer Tax
$0
$550,000
$1,100,000
$1,650,000
$2,200,000
2018 2019 2020 2021 2022 2023
Building Permits
$0
$600,000
$1,200,000
$1,800,000
$2,400,000
2018 2019 2020 2021 2022 2023
Parking Citations
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
2018 2019 2020 2021 2022 2023
Interest Earnings
$0
$600,000
$1,200,000
$1,800,000
2018 2019 2020 2021 2022 2023
Marriott Hotel Rent
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
2018 2019 2020 2021 2022 2023
Building Plan Check Fees